Google Profits Rise 7% as Full-Year Revenue Hits Record
Posted: 1/23/2013 | By: Shona Ghosh | StrategyEye Digital Media
Google's profit rose almost 7% year on year to USD2.89bn, from USD2.71bn the previous year on revenues of USD14.42bn. Revenue was up 36% year on year, firmly beating analyst expectations of USD12.3bn. The strong showing follows some initial confusion over Google's results, after the firm warned analysts that they had not properly accounted for the USD2.35bn sale of Motorola's set-top box business in December.